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Cryptocurrency is back on the rise

After a long period of time, a little less than a year, Bitcoin finally managed to once again overcome the price mark of $ 8,000 and update its annual maximum. The last time at these levels bitcoin was traded on July 31, 2018.

On Monday evening, the price of BTC rose above $ 8150 on a number of exchanges, and even despite a slight pullback to the level of $ 7700, the price met on Tuesday morning at around $ 8000.


In total, over the past 24 hours, Bitcoin has grown by more than 15%, which has become one of the fastest and most successful currency spurts in recent months. At the moment, the rate is $ 8150, and the total market capitalization has reached $ 240 billion. At the same time, the share of the main cryptocurrency is 60%.

In addition, we note the steady growth of Ethereum and XRP. The second largest capitalization of cryptocurrency increased by 10.3% per day and is now trading at around $ 210, the XRP token for the same period has grown by almost 20%, reaching $ 0.375. A number of other leading altcoins also increased by 10 percent or more, including Bitcoin Cash, EOS, Stellar, Cardano and Monero. The daily trading volume also increased significantly and amounted to 106.7 billion dollars.

Genesis mining

In addition, for digital currencies is now very favorable news background. Countless army of analysts unanimously predict a new take-off for the market. For example, the well-known venture investor Tim Draper predicts that already in 2023 the capitalization of Bitcoin will be 5% of the global economy. In addition, he considers Bitcoin to be the best currency, since it is decentralized, open and transparent, which allows you to always be aware of the events that pass through the blockchain.

The investor also announced that he plans to create a fund to accept Bitcoins as investments. The expert believes that thanks to this decision it would be possible to abandon accounting, legal and accounting reporting.

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